A friend of mine recently asked me a question: “Should I be putting extra money into emergency savings or an IRA at the end of the month?” Allocating funds and/or setting priorities for saving is something that many people struggle with. Order to Prioritize Your Savings Most experts will agree that first and foremost you [...]
I looked at the calendar the other day and couldn’t believe the year was already half over! It seems like just yesterday we were ringing in 2010, and now 2011 is just 6 months away. The summer is a time for vacations and cookouts, but don’t forget to pay attention to your finances too! Follow [...]
When I asked Are CDs Obsolete? I mentioned that SmartyPig was an alternative to CDs. As you recall, when I wrote about my experiences with SmartyPig, I found it easy to use, and its interest rate to be downright irresistible. At the time, the only thing I hadn’t done was actually meet one of my [...]
We all know that long term CDs have higher rates than short term CDs… or so we thought. A unique Ally Bank CD set of rules actually lets us take advantage of the higher rates with a shorter term. CD Rates Are CDs Obsolete? That’s the question we’re discussing this week. As CD rates remain [...]
Once upon a time, Certificates of Deposit (CDs) were a great way to put away money for a fixed period of time. A CD ladder could help you get the overall best interest rate by locking in funds for longer amounts of time while still giving you access to portions of your cash every month [...]
